PANews reported on May 16 that according to The Block, eToro CEO Yoni Assia was interviewed by CNBC on Thursday, talking about the company's listing and its past with cryptocurrencies. He said that eToro had been involved in cryptocurrencies very early, and had used $50,000 to buy Bitcoin for the company's treasury. It was also the first regulated company in Europe to launch cryptocurrency trading. An early $50,000 cryptocurrency investment once appreciated to $50 million, but the board of directors believed that non-core businesses required a sale.
Assia believes that cryptocurrency has become a new capital market that is booming around the world. There are more than 130 cryptocurrency transactions outside the United States, but his enthusiasm for capital markets and stock markets remains unabated. In fact, the meeting with "stock god" Buffett changed his business focus. Buffett once said that he would never hold cryptocurrency, and his former colleague Charlie Munger also criticized Bitcoin. Assia revealed that during a dinner, Buffett persuaded him to pay more attention to stocks and less to cryptocurrency. He said that last year, 25% of the company's revenue came from cryptocurrency and 75% from the stock market.
